Trump’s Threat Over an Imaginary Currency Risks Backfiring on the U.S. Dollar
After his 100% tariffs warning to Brics nations, some economists say the president-elect risks accelerating the pursuit of alternatives to the greenback.
Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.
Trump threatens 100% tariffs on China and Russia if BRICS group of nations issues new currency
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS — a China- and Russia-led group of nations with emerging economies — if the countries decide to issue their own
Trump promises 100% tariffs on BRICS nations if they create rival currency
President-elect Donald Trump on Saturday warned the BRICS nations they will face a 100% tariff in U.S. domestic markets if they proceed with plans to create a new currency to compete with the dollar.
Donald Trump warns BRICS countries of "100% tariff" over new currency plans
Donald Trump warned of 100% tariffs on BRICS nations — composed of Brazil, Russia, India, China and South Africa — should they develop a new currency to compete with the U.S. dollar. “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over,
What Is BRICS And Why Is Trump Threatening Tariffs Against It?
President-elect Donald Trump has continued to threaten tariffs against foreign nations, specifically ‘BRICS’ nations, over attempts to undermine the dollar’s global dominance.
Kremlin Says Trump Threat to BRICS Nations Over US Dollar Will Backfire
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency.
Q&A: Trump Threatened Huge Tariffs on Brics Countries. Why?
The president-elect said he would impose 100% tariffs on countries that seek to replace the U.S. dollar as the main global currency for settling global trade transactions. Chelsey Dulaney explains what is behind Donald Trump’s threat.
Why is Trump threatening a 100% tariff on the BRICS nations?
Donald Trump said the U.S. would hit Brazil, Russia and six other countries with a crushing tariff if they sought to challenge the dollar.
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes
The dollar notched up its sharpest rise since the day after Donald Trump’s election victory, following his threats of huge tariffs on Brics nations and as French political tumult escalated. The dollar index,
What's Behind Trump's De-Dollarization Tariff Threats
President-elect Donald Trump railed on social media over the weekend against a group of emerging economies for their attempts to circumvent the dollar. While markets mostly took Trump's words in stride,
Empty bowls and rising rates: North Korea's currency chaos returns
In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a ...
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New report proposes controversial new tax method targeting digital currency — here's where the money could end up
France, Barbados, and Kenya are taking the lead on the initiative. New report proposes controversial new tax method targeting ...
South Korean currency tumbles, Euro rises after declaration of martial law
The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea's president ...
Political unrest undermines South Korea's currency, stock market
Political instability in South Korea has caused the nation's won to plunge in value and has shaken confidence in the nation's ...
Iran's Currency Plummets Amid Prospect of Trump Presidency
Following years of international sanctions and economic setbacks, the currency's decline underscores Iran's ongoing financial ...
TCW Emerging Markets Local Currency Income Fund Q3 2024 Commentary
TCW Emerging Markets Local Currency Income Fund, I Class returned 8.98% for the third quarter of 2024, in line with JP Morgan ...
Rupee hits all-time low; TCS, Infosys, HCL Tech among stocks to benefit from weak currency, say experts
The Indian rupee’s depreciation against the dollar presents both challenges and opportunities. Software exporters may see ...
Traders Defy China's Yuan Support, Sending Currency to One-Year Low
Traders defied China’s efforts to support the yuan, sending the currency to a one-year low on bets policymakers will have to ...